Vishay Intertechnology Inc. (VSH) Upgraded to “Strong-Buy” at Zacks Investment Research
Zacks Investment Research upgraded shares of Vishay Intertechnology Inc. (NYSE:VSH) from a hold rating to a strong-buy rating in a research report released on Thursday. The brokerage currently has $16.00 price objective on the stock.
According to Zacks, “Vishay Intertechnology, Inc. is a leading international manufacturer and supplier of discrete passive electronic components and discrete active electronic components, particularly resistors, capacitors, inductors, diodes and transistors. The company offers its customers one-stop access to one of the most comprehensive electronic component lines of any manufacturer in the United States or Europe. Passive electronic components, discrete active electronic components and integrated circuits are the primary elements of every electronic circuit. “
Separately, Argus reiterated a buy rating on shares of Vishay Intertechnology in a research note on Wednesday, August 10th.
Shares of Vishay Intertechnology (NYSE:VSH) traded up 0.73% during mid-day trading on Thursday, reaching $13.85. The company had a trading volume of 73,284 shares. The stock’s market capitalization is $2.03 billion. Vishay Intertechnology has a one year low of $9.96 and a one year high of $14.28. The firm has a 50 day moving average of $13.99 and a 200-day moving average of $13.00.
Vishay Intertechnology (NYSE:VSH) last announced its quarterly earnings data on Tuesday, August 2nd. The company reported $0.23 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.22 by $0.01. The business earned $590 million during the quarter, compared to analysts’ expectations of $586.45 million. Vishay Intertechnology had a positive return on equity of 6.55% and a negative net margin of 4.58%. The firm’s quarterly revenue was down .1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.20 earnings per share. Analysts forecast that Vishay Intertechnology will post $0.88 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, September 29th. Stockholders of record on Thursday, September 15th were paid a $0.0625 dividend. This represents a $0.25 annualized dividend and a dividend yield of 1.82%. The ex-dividend date of this dividend was Tuesday, September 13th. Vishay Intertechnology’s dividend payout ratio is currently -35.21%.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. LS Investment Advisors LLC raised its stake in shares of Vishay Intertechnology by 69.0% in the second quarter. LS Investment Advisors LLC now owns 8,114 shares of the company’s stock valued at $101,000 after buying an additional 3,312 shares during the last quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp purchased a new stake in shares of Vishay Intertechnology during the second quarter valued at approximately $129,000. Invictus RG purchased a new stake in shares of Vishay Intertechnology during the first quarter valued at approximately $160,000. Pacad Investment Ltd. purchased a new stake in shares of Vishay Intertechnology during the first quarter valued at approximately $160,000. Finally, Quantitative Systematic Strategies LLC raised its stake in shares of Vishay Intertechnology by 8.7% in the second quarter. Quantitative Systematic Strategies LLC now owns 13,594 shares of the company’s stock valued at $163,000 after buying an additional 1,090 shares during the last quarter.
About Vishay Intertechnology
Vishay Intertechnology, Inc is a global manufacturer and supplier of discrete semiconductors and passive components. The Company operates through five segments. The MOSFETs segment offers low-voltage TrenchFET MOSFETs and high-voltage MOSFETs. The Diodes segment’s products include rectifiers, small signal diodes, protection diodes, thyristors/silicon-controlled rectifiers (SCRs) and power modules.
Receive News & Stock Ratings for Vishay Intertechnology Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vishay Intertechnology Inc. and related stocks with our FREE daily email newsletter.